$CRTG
CORETEC GROUP INC. Stock $crtg

$crtg Overview Financials Valuation SEC Filings Company Website

2012 Q1 Form 10-K Financial Statement

#000114420412020555 Filed on April 06, 2012

Income Statement

Concept	2012 Q1	2011	2010 Q4
Revenue	$52.65K	$89.32K	$50.00K
YoY Change	59.54%	-15.78%	400.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$290.0K	$1.430M	$290.0K
YoY Change	11.54%	28.83%	-6.45%
% of Gross Profit
Research & Development	$133.5K	$942.2K	$80.00K
YoY Change	105.35%	100.73%	33.33%
% of Gross Profit
Depreciation & Amortization	$1.382K	$6.230K	$10.00K
YoY Change	-10.38%	1.05%
% of Gross Profit
Operating Expenses	$133.5K	$942.2K	$370.0K
YoY Change	105.35%	100.73%	0.0%
Operating Profit
YoY Change
Interest Expense	$1.881K	$37.19K	-$10.00K
YoY Change	-93.37%	-51.05%	-50.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$380.0K	-$2.320M	-$330.0K
YoY Change	5.56%	52.63%	-13.16%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$377.7K	-$2.320M	-$330.0K
YoY Change	5.92%	52.29%	-13.16%
Net Earnings / Revenue	-717.41%	-2597.84%	-660.0%
Basic Earnings Per Share
Diluted Earnings Per Share	-$3.167M	-$23.20M	-$5.500M
COMMON SHARES
Basic Shares Outstanding	1.247B shares
Diluted Shares Outstanding

Balance Sheet

Concept	2012 Q1	2011	2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$80.00K	$20.00K	$370.0K
YoY Change	-90.59%	-94.59%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$50.00K	$40.00K	$20.00K
YoY Change	150.0%	100.0%	100.0%
Inventory
Prepaid Expenses	$51.51K		$21.77K
Receivables	$40.82K	$20.00K	$7.092K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$173.6K	$70.00K	$396.0K
YoY Change	-80.71%	-82.5%	3859.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.427K	$10.00K	$15.71K
YoY Change	-15.73%	-50.0%	-21.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00		$0.00
YoY Change			-100.0%
Other Assets		$0.00	$0.00
YoY Change			-100.0%
Total Long-Term Assets	$10.74K	$10.00K	$18.02K
YoY Change	-46.29%	0.0%	-69.96%
TOTAL ASSETS
Total Short-Term Assets	$173.6K	$70.00K	$396.0K
Total Long-Term Assets	$10.74K	$10.00K	$18.02K
Total Assets	$184.4K	$80.00K	$414.0K
YoY Change	-79.96%	-80.49%	491.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$695.0K	$700.0K	$203.6K
YoY Change	215.92%	250.0%	-75.76%
Accrued Expenses	$20.00K	$10.00K	$540.0K
YoY Change	-33.33%	-98.15%	80.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$400.0K
YoY Change		-100.0%	-28.57%
Total Short-Term Liabilities	$914.5K	$730.0K	$1.150M
YoY Change	28.8%	-36.52%	-34.68%
LONG-TERM LIABILITIES
Long-Term Debt	$111.8K	$110.0K	$405.0K
YoY Change	-25.48%	-72.5%	350.0%
Other Long-Term Liabilities	$490.0K	$490.0K	$490.0K
YoY Change	0.0%	0.0%
Total Long-Term Liabilities	$111.8K	$600.0K	$405.0K
YoY Change	-82.53%	-32.58%	350.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$914.5K	$730.0K	$1.150M
Total Long-Term Liabilities	$111.8K	$600.0K	$405.0K
Total Liabilities	$1.026M	$1.330M	$1.555M
YoY Change	-23.98%	-34.8%	-16.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$15.47M		$12.47M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$1.328M	-$1.250M	-$1.626M
YoY Change
Total Liabilities & Shareholders Equity	$184.4K	$80.00K	$414.0K
YoY Change	-79.96%	-80.49%	491.41%

Cashflow Statement

Concept	2012 Q1	2011	2010 Q4
OPERATING ACTIVITIES
Net Income	-$377.7K	-$2.320M	-$330.0K
YoY Change	5.92%	52.29%	-13.16%
Depreciation, Depletion And Amortization	$1.382K	$6.230K	$10.00K
YoY Change	-10.38%	1.05%
Cash From Operating Activities	-$301.2K	-$1.118M	-$250.0K
YoY Change	13.08%	118.81%	108.33%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$998.00	$0.00
YoY Change		-69.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	$0.00	-$998.00	$0.00
YoY Change		-69.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	364.8K	770.0K	620.0K
YoY Change	-51.36%	-12.54%	1140.0%
NET CHANGE
Cash From Operating Activities	-301.2K	-1.118M	-250.0K
Cash From Investing Activities	0.000	-998.0	0.000
Cash From Financing Activities	364.8K	770.0K	620.0K
Net Change In Cash	63.62K	-349.4K	370.0K
YoY Change	-86.85%	-195.48%	-628.57%
FREE CASH FLOW
Cash From Operating Activities	-$301.2K	-$1.118M	-$250.0K
Capital Expenditures	$0.00	$998.00	$0.00
Free Cash Flow	-$301.2K	-$1.119M	-$250.0K
YoY Change	13.08%	117.63%	108.33%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1247220696	shares
CY2011Q2	dei	Entity Public Float EntityPublicFloat	19569331
CY2000Q4	us-gaap	Stockholders Equity StockholdersEquity	221212
CY2000Q4	us-gaap	Cash Cash	10
CY2001Q4	us-gaap	Stockholders Equity StockholdersEquity	162972
CY2002Q4	us-gaap	Stockholders Equity StockholdersEquity	112433
CY2003Q4	us-gaap	Stockholders Equity StockholdersEquity	20929
CY2004Q4	us-gaap	Stockholders Equity StockholdersEquity	-369457
CY2005Q4	us-gaap	Stockholders Equity StockholdersEquity	-386897
CY2006Q4	us-gaap	Stockholders Equity StockholdersEquity	-881748
CY2007Q4	us-gaap	Stockholders Equity StockholdersEquity	-921198
CY2008Q4	us-gaap	Stockholders Equity StockholdersEquity	-2211746
CY2009Q4	us-gaap	Stockholders Equity StockholdersEquity	-1792157
CY2009Q4	us-gaap	Cash Cash	1118
CY2010Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	403445
CY2010Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1149571
CY2010Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	404998
CY2010Q4	us-gaap	Interest Payable Current InterestPayableCurrent	41174
CY2010Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7092
CY2010Q4	us-gaap	Assets Assets	413988
CY2010Q4	us-gaap	Common Stock Value CommonStockValue	151508
CY2010Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	757539307	shares
CY2010Q4	us-gaap	Assets Current AssetsCurrent	395964
CY2010Q4	us-gaap	Development Stage Enterprise Deficit Accumulated During Development Stage DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage	14100651
CY2010Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	59000000	shares
CY2010Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	21771
CY2010Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0002
CY2010Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	501362
CY2010Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	413988
CY2010Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	12322913
CY2010Q4	us-gaap	Other Long Term Debt Noncurrent OtherLongTermDebtNoncurrent	4120
CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	-1626230
CY2010Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	757539307	shares
CY2010Q4	us-gaap	Temporary Equity Carrying Amount TemporaryEquityCarryingAmount	485649
CY2010Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15709
CY2010Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1500000000	shares
CY2010Q4	us-gaap	Liabilities Liabilities	1554569
CY2010Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	2315
CY2010Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	203590
CY2010Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	400878
CY2010Q4	us-gaap	Cash Cash	367101
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	729661
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	113444
CY2011Q4	us-gaap	Interest Payable Current InterestPayableCurrent	1799
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	17000
CY2011Q4	us-gaap	Assets Assets	82225
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	230501
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1152502875	shares
CY2011Q4	us-gaap	Assets Current AssetsCurrent	70101
CY2011Q4	us-gaap	Development Stage Enterprise Deficit Accumulated During Development Stage DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage	16421120
CY2011Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	59000000	shares
CY2011Q4	us-gaap	Convertible Debt Noncurrent ConvertibleDebtNoncurrent	113444
CY2011Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	35435
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0002
CY2011Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	13189
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	82225
CY2011Q4	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	16542
CY2011Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	14944090
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	-1246529
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1152502875	shares
CY2011Q4	us-gaap	Temporary Equity Carrying Amount TemporaryEquityCarryingAmount	485649
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9809
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1500000000	shares
CY2011Q4	us-gaap	Liabilities Liabilities	843105
CY2011Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	2315
CY2011Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	698131
CY2011Q4	us-gaap	Cash Cash	17666
CY2001	us-gaap	Net Income Loss NetIncomeLoss	-259221
CY2001	tdcp	Unearned Compensation Changes UnearnedCompensationChanges	60000
CY2002	us-gaap	Net Income Loss NetIncomeLoss	-267887
CY2002	tdcp	Unearned Compensation Changes UnearnedCompensationChanges	60000
CY2003	us-gaap	Net Income Loss NetIncomeLoss	-51851
CY2003	tdcp	Unearned Compensation Changes UnearnedCompensationChanges	90000
CY2005	us-gaap	Net Income Loss NetIncomeLoss	-592811
CY2005	tdcp	Stock Issued During Period Value Stock Warrants Exercised StockIssuedDuringPeriodValueStockWarrantsExercised	174000
CY2006	us-gaap	Net Income Loss NetIncomeLoss	-1469888
CY2006	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	33800
CY2006	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	568500
CY2006	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	150000
CY2007	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1274666
CY2007	us-gaap	Net Income Loss NetIncomeLoss	-3928996
CY2007	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	87864
CY2007	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	463920
CY2007	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	1677183
CY2010	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	232886
CY2010	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	10467
CY2010	us-gaap	Depreciation Depreciation	6165
CY2010	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	339231
CY2009	us-gaap	Net Income Loss NetIncomeLoss	-1566835
CY2009	tdcp	Stock Issued During Period Value Stock Warrants Exercised StockIssuedDuringPeriodValueStockWarrantsExercised	382590
CY2009	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	483004
CY2010	us-gaap	Stock Issued1 StockIssued1	700063
CY2010	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	418112
CY2010	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3250
CY2010	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	7092
CY2010	us-gaap	Revenues Revenues	106059
CY2010	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-511135
CY2010	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	16706
CY2010	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	479490
CY2010	us-gaap	Interest Expense InterestExpense	75969
CY2010	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	400878
CY2010	us-gaap	Net Income Loss NetIncomeLoss	-1523737
CY2010	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	469408
CY2010	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	279191
CY2010	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	418112
CY2010	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3250
CY2010	us-gaap	Sales Revenue Net SalesRevenueNet	9697
CY2010	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-17061
CY2010	us-gaap	Revenue From Grants RevenueFromGrants	96362
CY2010	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	365983
CY2010	us-gaap	Interest Paid InterestPaid	33885
CY2010	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1084419
CY2010	us-gaap	Notes Issued1 NotesIssued1	25206
CY2010	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	880368
CY2010	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.003
CY2010	tdcp	Supplemental Accounts Payable SupplementalAccountsPayable	485649
CY2010	tdcp	Stock Issued During Period Value Stock Warrants Exercised StockIssuedDuringPeriodValueStockWarrantsExercised	518000
CY2010	tdcp	Total Costs And Expenses TotalCostsAndExpenses	1629796
CY2010	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	279191
CY2010	tdcp	Weighted Average Number Basic Diluted Shares Outstanding WeightedAverageNumberBasicDilutedSharesOutstanding	532386253	shares
CY2011	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2011	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2011	dei	Trading Symbol TradingSymbol	TDCP
CY2011	dei	Entity Registrant Name EntityRegistrantName	3DICON CORP
CY2011	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2011	dei	Amendment Flag AmendmentFlag	false
CY2011	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2011	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2011
CY2011	dei	Document Type DocumentType	10-K
CY2011	dei	Document Period End Date DocumentPeriodEndDate	2011-12-31
CY2011	dei	Entity Central Index Key EntityCentralIndexKey	0001375195
CY2011	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2011	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2011	us-gaap	Stock Issued1 StockIssued1	556027
CY2011	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	285600
CY2011	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-998
CY2011	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	9908
CY2011	us-gaap	Revenues Revenues	89323
CY2011	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1118437
CY2011	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	770000
CY2011	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	355205
CY2011	us-gaap	Revenue From Grants RevenueFromGrants	86323
CY2011	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-349435
CY2011	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	13664
CY2011	us-gaap	Depreciation Depreciation	6230
CY2011	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	534949
CY2011	us-gaap	Interest Expense InterestExpense	37187
CY2011	us-gaap	Net Income Loss NetIncomeLoss	-2320469
CY2011	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	942240
CY2011	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	703546
CY2011	us-gaap	Asset Impairment Charges AssetImpairmentCharges	668
CY2011	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	285600
CY2011	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	998
CY2011	us-gaap	Nature Of Operations NatureOfOperations	<div style="font: 10pt Times New Roman, Times, Serif"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <b>Note 1 – Organization and Operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <i>Organization</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> 3DIcon Corporation (the "Company") was incorporated on August 11, 1995, under the laws of the State of Oklahoma as First Keating Corporation. The articles of incorporation were amended August 1, 2003 to change the name to 3DIcon Corporation. The initial focus of First Keating Corporation was to market and distribute books written by its founder, Martin Keating. During 2001, First Keating Corporation began to focus on the development of 360-degree holographic technology. The effective date of this transition is January 1, 2001, and the financial information presented is from that date through the current period. The Company has accounted for this transition as reorganization and accordingly, restated its capital accounts as of January 1, 2001. From January 1, 2001, the Company's primary activity has been the raising of capital in order to pursue its goal of becoming a significant participant in the development, commercialization and marketing of next generation 3D display technologies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> The mission of the company is to develop (or acquire), commercialize, and market next generation 3D display technologies including auto-stereoscopic (glasses-free) volumetric 360-degree full-color 3D displays and possibly auto-stereoscopic (glasses-free) flat screen 3D displays. Our initial market focus is on business, industrial, and government applications of the technologies. At this time the Company owns no intellectual property in 3D displays but does own the exclusive worldwide rights to commercial and government usage of the 3D display intellectual property developed by the University of Oklahoma.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <i>Uncertainties</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> The accompanying financial statements have been prepared on a going concern basis. The Company is in the development stage and has insufficient revenue and capital commitments to fund the development of its planned product and to pay operating expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> The Company has realized a cumulative net loss of $16,421,120 for the period from inception (January 1, 2001) to December 31, 2011, and a net loss of $2,320,469 and $1,523,737 for the years ended December 31, 2011 and 2010, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> The ability of the Company to continue as a going concern during the next year depends on the successful completion of the Company's capital raising efforts to fund the development of its planned technologies.  The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Management plans to fund the future operations of the Company with existing cash of $17,666, grants and investor funding. Under the terms of the Golden State debentures, Golden State may advance an additional $378,787. The additional advance would be available if the Company filed a registration statement; however, the Company does not plan to file such registration statement. In addition, pursuant to the 4.75% Convertible Debenture due on December 31, 2014, beginning in November 2007, Golden State is obligated to submit conversion notices in an amount such that Golden State receives 1% of the outstanding shares of the Company every calendar quarter for a period of one year. In connection with each conversion, Golden State is expected to exercise warrants equal to 10 times the amount of principal converted. The warrants are exercisable at $10.90 per share. The number of warrants exercisable is subject to certain beneficial ownership limitations contained in the 4.75% Debenture and the warrants ("the Beneficial Ownership Limitations"). The Beneficial Ownership Limitations prevent Golden State from converting on the 4.75% Debenture or exercising warrants if such conversion or exercise would cause Golden State's holdings to exceed 9.99% of the Company's issued and outstanding common stock. Subject to the Beneficial Ownership Limitations, Golden State is required to convert $3,000 of the 4.75% Convertible Debenture and exercise 30,000 warrants per month. Based upon our current stock price, our issued and outstanding shares as of December 31, 2011 and ignoring the impact of the Beneficial Ownership Limitations, the Company may receive up to $981,000 in funding from Golden State as a result of warrant exercises during the year ended December 31, 2012.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> The Company was approved for a matching grant from Oklahoma Center for the Advancement of Science and Technology (“OCAST”) on November 19, 2008 in the amount of approximately $300,000.  There remains $82,176 of grant funds to be provided through the end of the grant period, February 28, 2012.  (see Note 5 and Note 14)</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> Additionally, the Company is continuing to pursue financing through private offering of debt or common stock.</p> </div>
CY2011	us-gaap	Sales Revenue Net SalesRevenueNet	3000
CY2011	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-42952
CY2011	us-gaap	Interest Paid InterestPaid	10493
CY2011	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1430365
CY2011	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	770000
CY2011	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.002
CY2011	tdcp	Stock Issued During Period Value Stock Options And Warrants Exercised StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised	756840
CY2011	tdcp	Total Costs And Expenses TotalCostsAndExpenses	2409792
CY2011	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	703546
CY2011	tdcp	Weighted Average Number Basic Diluted Shares Outstanding WeightedAverageNumberBasicDilutedSharesOutstanding	1086576438	shares
CY2004	us-gaap	Net Income Loss NetIncomeLoss	-617875
CY2004	tdcp	Stock Issued During Period Value Stock Warrants Exercised StockIssuedDuringPeriodValueStockWarrantsExercised	61000
CY2008	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	654199
CY2008	us-gaap	Net Income Loss NetIncomeLoss	-3611550
CY2008	tdcp	Stock Issued During Period Value Stock Warrants Exercised StockIssuedDuringPeriodValueStockWarrantsExercised	362694
CY2008	tdcp	Issuance Of Common Stock In Exchange For Convertible Notes Value IssuanceOfCommonStockInExchangeForConvertibleNotesValue	965309
	us-gaap	Stock Issued1 StockIssued1	1987253
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-43529
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	17000
	us-gaap	Revenues Revenues	283621
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-8736861
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	170414
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	4488455
	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	2237995
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	286150
	us-gaap	Depreciation Depreciation	27191
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	2478828
	us-gaap	Interest Expense InterestExpense	434842
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	4309591
	us-gaap	Net Income Loss NetIncomeLoss	-16421120
	us-gaap	Licenses Revenue LicensesRevenue	25000
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	4158240
	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	4257681
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	6529
	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	292202
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	2632578
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	43529
	us-gaap	Sales Revenue Net SalesRevenueNet	40797
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-141672
	us-gaap	Revenue From Grants RevenueFromGrants	217824
	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	17656
	us-gaap	Interest Paid InterestPaid	301727
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12111659
	us-gaap	Notes Issued1 NotesIssued1	125909
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8798046
	tdcp	Supplemental Accounts Payable SupplementalAccountsPayable	485649
	tdcp	Total Costs And Expenses TotalCostsAndExpenses	16704741

Files In Submission

Name	View Source	Status
0001144204-12-020555-index-headers.html	Edgar Link	pending
0001144204-12-020555-index.html	Edgar Link	pending
0001144204-12-020555.txt	Edgar Link	pending
0001144204-12-020555-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tdcp-20111231.xml	Edgar Link	completed
tdcp-20111231.xsd	Edgar Link	pending
tdcp-20111231_cal.xml	Edgar Link	unprocessable
tdcp-20111231_def.xml	Edgar Link	unprocessable
tdcp-20111231_lab.xml	Edgar Link	unprocessable
tdcp-20111231_pre.xml	Edgar Link	unprocessable
v306742_10k.htm	Edgar Link	pending
v306742_ex31-1.htm	Edgar Link	pending
v306742_ex31-2.htm	Edgar Link	pending
v306742_ex32-1.htm	Edgar Link	pending
v306742_ex32-2.htm	Edgar Link	pending

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$CRTG
CORETEC GROUP INC. Stock $crtg

2012 Q1 Form 10-K Financial Statement

#000114420412020555 Filed on April 06, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$CRTG CORETEC GROUP INC. Stock $crtg

2012 Q1 Form 10-K Financial Statement

#000114420412020555 Filed on April 06, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRTG
CORETEC GROUP INC. Stock $crtg